My CPD commitment brochure (851.66 KB) - last updated Tuesday, 4 May 2010
This brochure examines the CPD requirements of our members and the various ways members can meet those requirements.
If your triennium started on 1 January 2007 and ended on 31 December 2009 you may be eligible for audit in 2010. To view your current triennium, access the CPD Diary.
CPA Australia aims to develop the professional skills of members, satisfy external regulators, maintain parity with overseas professional accounting bodies and align with the International Federation of Accountants guidelines.
All members are obliged to retain their CPD record for at least 12 months after the end of the relevant triennium. Records can consist of receipts, enrolment records, certificates, transcripts, attendance lists, assessment reports, employer reports, statutory declarations and detailed diary notes.
In accordance with the Professional Schedule, any member appearing on the specialist designation is required to undertake at least 120 structured hours per triennium, with a minimum of 20 hours of CPD completed each year. In undertaking required CPD activities, at least 50% of the required hourly commitment must be appropriate for maintaining expertise in the area of specialisation.
For members who do not appear on the specialist designation list, CPD must be relevant and extend a member's knowledge and skills. The definition of 'relevance' is broad and depends on the members individual circumstances.
This CPD is additional to the normal requirements of employment and ensures that members maintain a competitive advantage. In some circumstances, activities claimed for a non-specialist member do not have to be directly related to accounting or finance, the activities undertaken must be relevant to the members role in order to maintain a competitive advantage in their area of expertise.
Members are obliged to meet the requirements of the Accounting and Professional Ethics Board and ensure they are acting with sufficient professional competence.
Where members hold a statutory registration such as company auditor, company liquidator, tax agent, trustee in bankruptcy, financial service licensee or representative, appropriate CPD should be undertaken in the speciality area and it must meet any prescribed minimum CPD requirements required to maintain such registrations.